Are you purchasing a vehicle for your business or corporation in Ontario? Follow these steps!
All vehicles in Ontario must be registered to be legally allowed on the road. While individuals can register a vehicle with their driver’s licence, businesses that want to register a vehicle cannot obtain a driver’s licence because they cannot physically drive a vehicle. As such, the Ontario government created the RIN to identify business-owned vehicles in its motor vehicle registration system. This allows vehicles used for work purposes to be registered to a business.
What is a Registrant Identification Number (RIN)?
The Ontario Ministry of Transportation (MTO) issues a firm or entity with a RIN, which is a special identifying number. Instead of identifying an individual as the registered owner of a car, this number is used to identify the company or business.
What documents do I need to get a RIN?
· A “Proof of Business Address – Obtaining/Amending a Registrant Identification Number (RIN)” form available at ServiceOntario centres or a Notarized Letter of Authorization completed by someone with the authority to bind the organization, such as an owner or director.
· One identification document for the business (for example, articles of amendment or incorporation, or a letter of good standing).
· Two documents that show proof of business address (for example, a copy of a utility bill or insurance pink slip). These can be hard copies or digital.
Steps to get a RIN:
- Prepare all the documents.
- Prepare statutory declaration: You must put together a statutory statement with specific information and swear to the truth that it is accurate.
- Notarize statutory declaration: Your statutory declaration must be notarized by an Ontario notary public.
- Obtain the RIN: Submit them to your car dealership.
Once you have obtained a RIN, you can use it to register any vehicles your business or corporation owns or leases.
Click Here to find your nearest ServiceOntario
0 comment(s) so far on Are you purchasing a vehicle for your business or corporation in Ontario? Follow these steps!